Greenfield Belser 2017 Annual Review

Greenfield Belser has been a Finn Partners company for almost two years. This year we are adopting the new Finn brand style we created for the firm that is on the second spread of our book. That’s exciting for all of us here at Finn, but that’s hardly all that has been going on this past year. Really, it is impossible to say we love the work we did for one client more than another, but our goal is always to show you a balanced portfolio—across sectors with firms of varying sizes located all around the country. Read more here.

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Finding and Choosing Professionals on the Web

By Joe Walsh and Sue Stock Allison
March 24, 2010
Finding and Choosing Professionals on the Web

You will learn how executive-level buyers:

1. Search online, how often and why.
2. Use search engines and keywords.
3. View and value your website.

In less than 15 years, the Internet has fundamentally changed the way we do things: The way we shop, stay current, gather information, build relationships and networks, and do business. B2C marketers have reacted dramatically—reallocating budgets to invest in new ways to get found and connect with their buyers online.

B2B service marketers and, especially, professional service marketers, have been slower to adapt their marketing strategies to this new brand world.

Why? Because they do not believe executive-level buyers use the Internet to find or connect with lawyers, accountants and consultants. This erroneous belief can be put to rest based on a new research study of executive-level decision-makers.

Research that calls for new interactive strategies

A newly completed survey by professional services branding leader Greenfield/Belser and its sister organization, The Brand Research Company, puts a spotlight on how, where and what executives search for online as they consider professionals and firms to advise them.

The findings are drawn from an online survey of executive-level buyers of accounting, consulting and legal services across the U.S. The study is calledFinding and Choosing Professional Service Providers on the Web. The survey findings constitute a clarion call for offline marketing efforts to be integrated with online strategies.

Below is the distribution of annual revenues of our corporate respondents in this survey. They actually match the typical client roster of a professional services firm.

Revenue Chart

Highlights include these facts…

Executive-level buyers are online, in droves:

  • 94% are online daily for purposes other than email.
  • 83% report the Internet has replaced other methods of researching almost completely.
  • 76% told us the Internet has replaced other methods of receiving news almost completely.
  • 37% indicate the Internet has replaced other methods of securing business purchases almost completely.
  • 78% surveyed say they go online to search for outside legal, accounting and consulting professionals, but the majority (59%) do so less than monthly on average.

Search engines are a key tool for learning about professionals:

  • 50% of executive decision-makers say that search engines are important.
  • 48% say being listed near the top on Google matters.
  • When they use search engines, one in two decision-makers always include keywords with specific expertise and industry.
  • Other critical, but less important keywords include general practice areas, city and state.

Newer media tools gain traction:

  • Two-thirds of executives surveyed use social networking sites. For business, LinkedIn tops the list.
  • 75% read blogs, with 37% reading them on a daily or weekly basis. 
  • Mobile phones are ubiquitous, but only 28% of executive decision-makers view or listen to online content of any type on their phones; those who do most often use it for news.

Firm websites matter more than ever:

  • 85% of executives consider professional services firm websites important sources of information in their search for professionals.
  • Three in four say the quality of a firm’s site influences whether they put a firm on their short list.
  • 53% have put a firm on a short list based on the information found on the firm’s site.
  • Specific-industry experience tops the list of things executives find important on sites, with 78% saying it is must-have information.

While these and other study findings clearly require professional services firm marketers to adjust and refine their interactive branding and marketing strategies, executive buyers were also clear about the need to balance online with offline efforts.

Age of respondents

Your buyers are changing, but whatever their age, they head to the web for resources.

Projected Workforce 2012

buyer profile

Younger generations are growing up to be decision-makers as the chart above proves. But no matter what their age, people go online weekly or less for research.

online behavior by age

For the complete report, download your copy of Digital Marketing 2010.